Filed August 14, 2023
Sign up free to preview peer percentile detail
Free accounts unlock saves, downloads, and 3-year history.
Sign up free to preview 10-year trajectory
Free accounts unlock saves, downloads, and 3-year history.
| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $113,144 |
Service code 49 · EIN 52-2114207 | Other Services | $29,247 |
INVESTMENT ADVISORS CORP1 year Filed as: H & H INVESTMENT ADVISORS Service code 27 · EIN 06-1461865 | Advisory (Plan) | $4,676 |
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381 | Advisory (Participants) | $0 |
Employer contribution per participant is in the bottom quintile of the peer cohort.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $99,009 | $86,897+13.9% | $151,645-34.7% | $64,824+52.7% |
| Participation rate | 78.1% | 87.3%-9.2pp | 87.5%-9.4pp | 71.5%+6.6pp |
| Annual return | -13.50% | -3.57%-9.9pp | 3.34%-16.8pp | 32.84%-46.3pp |
| Employer contribution / active EE | $1,450 | $4,010-63.8% | $6,165-76.5% | $2,507-42.1% |
| Participant deferral / active EE | $4,787 | $6,690-28.4% | $8,363-42.8% | $4,311+11.0% |
| Admin fee / account holder | $345 | $153+125.2% | $11,614-97.0% | $188+83.4% |